According to the company, the SimpleNexus mobile app will now be able to instantly notify loan officers when key valuation-related actions occur during the loan origination process. Lenders with additional automatic email alerts built into the valuation workflow will also see their alerts pushed to loan officers via the SimpleNexus app. The alerts will include a direct link to the appraisal order in AIM-Port.Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place
Fannie Mae’s artificial intelligence and machine-learning governance requirements take effect Thursday, Aug. 6, giving approved seller/servicers a final deadline to formalize how the technology is used across mortgage origination and servicing.The requirements apply when a s...
Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers
Higher mortgage rates are thinning the purchase pipeline, even as lower asking prices and reduced competition give borrowers still in the market more leverage.Seasonally adjusted U.S. pending home sales totaled 322,739 during the four weeks ending July 26, their lowest level...
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